ISSUE – May. 29 | How not to launch a company in the U.S. — lessons learned from LeEco

After a months’ long parade of endless red flags, LeEco’s Stateside woes finally came to a head this week. The company announced that it would be laying off 325 employees in the U.S. alone. And judging from a number of address forwarding emails I received, the company moved swiftly and without much warning. [ Tech Crunch ]